Real estateUpdated November 4

Ministry sets controls for specified white-land-fee transfers; applicable fees remain due.

Okaz reported that the Ministry of Municipalities and Housing adopted controls and procedures governing transactions involving land subject to white land fees, following a Council of Ministers decision. The procedures provide routes for documenting specified transfers, including contributing land to a real-estate investment fund, dividing an inheritance, and selling to a buyer who will develop or build within the applicable additional period and conditions. They also cover dividing or merging land among the same owners for development, court-based transfers, transactions within approved off-plan projects, transactions involving the state, and transfers arising from expropriation or temporary possession for the public interest. Required procedures still apply, and applicable fees remain payable; these routes do not exempt landowners from fees.

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Coverage started November 4